CognitiveScale nabs $21.8 mln

Austin, Texas-based CognitiveScale, a provider of machine intelligence software, has closed $21.8 million in funding. Norwest Venture Partners and Intel Capital led the round. In addition to the funding, Promod Haque of Norwest and Vibhor Rastogi of Intel Capital have been appointed to CognitiveScale’s board of directors. PRESS RELEASE AUSTIN – Aug. 2, 2016 – CognitiveScale, a provider of industry-specific machine intelligence software, today announced the completion of a $21.8 million round of financing co-led by Norwest Venture Partners and Intel Capital. CognitiveScale will use the funding to grow global sales and delivery and accelerate development of its product portfolio as organizations of all sizes transform for the new digital economy built on cognitive systems of intelligence. Norwest’s Promod Haque and Intel Capital’s Vibhor Rastogi will join CognitiveScale’s Board of…